The Italian Russian Chamber of Commerce announced on Tuesday, that Russia has signed a deal to manufacture its Sputnik V coronavirus vaccine in Italy, marking the first such agreement in the European Union. Adienne Srl, an Italian subsidiary of a Swiss pharmaceutical firm, and Kirill Dmitriev, CEO of the Russian Direct Investment Fund, signed the […]
Category Archives: Business
In early Asian trading, oil rose after the U.S. government data showed another big draw in gasoline stockpiles despite growing demand. After breaking two days of losses on Wednesday, New York futures climbed toward 65 dollars a barrel. In the last two weeks, gasoline inventories have fallen by more than 25 million barrels while an […]
The creators of Youtube, those who are not from the United States might soon see 30% of their earning that is generated from the US viewers be held for tax. All the creators of YouTube have been asked to submit their tax information to determine if there is any tax incidence on their earning which […]
According to the latest study, if women have the same level of education as men and have the same number of jobs, the global economic growth is expected increase by $20 trillion. According to an analysis published this week by Bloomberg economists Adriana Dupita, Abhishek Gupta, and Tom Orlik, policy reforms that result in more […]
Five countries in courts including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc. It is a step that opens the possibility of the British firm seizing Indian assets in those countries, if New Delhi does not pay. Cairn Energy had […]
Vodafone Group announced on Tuesday that its floating infrastructure subsidiary Vantage Towers will aim to raise up to $3.32 billion in proceeds in Europe’s biggest initial public offering of 2021. The price range for Vantage Towers’ IPO on the Frankfurt Stock Exchange was set by the UK-based operator at 22.50 to 29 euros per share, […]
Seamless transport connectivity with Bangladesh has the potential to extend India’s value by the maximum amount as 8% and Bangladesh by the maximum amount as 17%, consistent with a recent International Bank for Reconstruction and Development survey. With the Eastern sub-region set to become an “economic growth pole” for South Asia, it’s necessary for countries […]
The Delhi government has introduced a heritage promotion scheme in its annual budget tabled, seeking to brand the national capital as a tourist destination. Deputy Chief Minister Manish Sisodia, who also holds the finance portfolio, while presenting a Rs 69,000-crores budget for year 2021-22, said Rs 521 crores have been allocated in 2021-22 for the […]
India plans to buy 30 armed drones from the US to increase its protection of the sea and land as disputes continue in China and Pakistan, according to officials who are familiar with the matter. India will agree next month to buy $3 billion 30 MQ-9B Predator drones manufactured by San Diego-based General Atomics, an […]
Reliance Industries Ltd (RIL) has agreed to expand the operating support to Future Retail Ltd., in order to avoid its failure, though its 24,713-crore deal to purchase the cash-strapped retailer’s properties is awaiting approval from the company law court, two persons directly aware of the matter. The case was set to be decided by the […]